Why entrepreneurship is like playing Poker @saumilnanavati

Why entrepreneurship is like playing Poker May 7, 2012 by Guest Contributor Recently, I did a talk at JFDI , a Y-combinator-quality incubator for South East Asia, where I shared how it is like to be an entrepreneur. A lot of people tend to think: Being entrepreneur is about having a $1B+ home run in the first try. But it’s almost never the case. The best way to describe the life would be through an analogy of playing poker. Why poker? Well, it is one of those few card games, where you are not playing against a bank/dealer, but rather amongst the players themselves. Winning a hand is not just a matter of having the best card, but also how you play the hand (since having the best card may not necessarily lead to a win). Lastly, it’s about knowing when to double down (put more resources), when to fold (call it quits) or when to call the other’s bluff (competitors who posture ...